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'Reason for optimism' as March bounce holds UK's Q1 GDP decline at 1.5%

Reason for optimism as March bounce holds UK s Q1 GDP decline at 1.5%
UK GDP rises by 2.1% in March amid partial reopening
The March gain helped stem the GDP contraction for the first quarter of the year at 1.5%.
UK GDP rose by 2.1% in March as schools and some parts of the economy reopened throughout the month, marking the fastest monthly growth since August 2020, according to the Office for National Statistics (ONS).
The March gain helped stem the GDP contraction for the first quarter of the year at 1.5%, with UK GDP now 8.7% below where it was before the pandemic in December 2019.
Compared with the end of Q1 2020, when the initial economic impact of the coronavirus pandemic began to take effect, the UK economy has contracted by 6.1%. ....

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European stock markets slip as UK set for fastest growth since second world war

European stock markets slip as UK set for fastest growth since second world war
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Europe trades broadly higher, FTSE lags on GDP - MarketPulse

Europe trades broadly higher, FTSE lags on GDP
Posted 2 hours agoSharePrint
UK GDP misses forecast
European stocks are heading broadly higher in muted trade ahead of key US inflation data. The FTSE is underperforming its peers following weaker than forecast growth numbers, whilst the Dax is shrugging off disappointing sentiment numbers.
The UK economy expanded 0.4% in February, a firm rebound from January’s -2.2% contraction, but still falling short of the 0.6% expected.
The UK economy contracted by 10% last year as the pandemic ravaged the dominant service sector. The recovery across Q1 will likely be slow, given the economy was still in lockdown, although businesses were preparing for the reopening. ....

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'A sobering first quarter' ahead: UK GDP falls 2.9% in January amid third national lockdown

Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points ....

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Pound slips on soft UK data - MarketPulse

Pound slips on soft UK data
March 12, 2021SharePrint
The British pound is in negative territory in the Friday session. Currently, GDP/USD is trading at 1.3920, down 0.51% on the day.
GDP, Manufacturing Production decline
The pound has registered considerable losses on Friday after a data dump out of the UK showed some disappointing results. The monthly GDP report indicated that the economy contracted by 2.9% in January. This was considerably better than the street consensus of -4.9%, but showed a downturn in growth after a gain of 1.2% in December. As well, it was the second decline in three months, raising concerns about the health of the economy. ....

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